Just wondering if the ground is going to collapse or give-way due to all the oil we’ve pulled out of the ground leaving extremely large voids in the earth, capable of collapsing in ?
I know where i live in Tx there are old oil wells every few hundred yards, from where there was once oil.
It might be possible. But the voids are eventually filled back up naturally.
My engine might be seized, so I want to pour some oil/anti-seizing product into the spark plug wells to help unstick it.
Is this safe? Where does all this oil go?! what about when I start the engine!
You can do this, but don’t put the spark plugs back in till you’ve spun the engine over enough to get the oil out through the spark plug holes if it doesn’t drain past the piston rings into the oil pan. If you put the spark plugs back in and crank the engine with enough oil in the cylinders they will hydraulically lock and possibly crack pistons, bend rods, ect. Remember fluid doesn’t compress, air does.
You literally have thousands of choices when it comes to oil, oils, oil pipelines, and similar investments in gasoline and natural gas–or other energy investments. However, I will keep this directly to oil and related investments.
Exxon Mobil is the largest company in the world. It’s the juggernaut that keeps on giving to its shareholders.
Yet, Exxon as an individual holding may be too sensitive to everything from environmental laws to alternative technologies to erratic oil prices to world competition. (I think Exxon is a terrific core holding, but it’s important to look at other opportunities.) And, I have to mentioned that Exxon Mobil closed today at $65.00, (it was $75.00 a month ago and was at $95.00 in June 2007). I own XOM, so I am giving full disclosure on it. It’s share price is down because they announced that they are buying XTO for $41B, to get more exposure to natural gas—which will be our bridge fuel to wean the United States off of foreign oil. Natural gas is cheap, is 25% cleaner than gasoline and diesel and there is twice as much natural gas in the U.S. than there is oil in Saudi Arabia. XOM is clearly thinking 10-20 years down the road—but at $65.00 XOM is clearly a bargain stock.
One possibility is to simplify one’s approach. You think oil is going from $73 per barrel to $95 per barrel, then you might only want to deal with that thesis; specifically, you have investments like the Claymore MACROshares Oil Up Tradeable Shares (UCR) and the United States Oil Fund (USO). The former tracks the NYMEX Division Light Sweet Crude Oil Futures Contract whereas the latter follows the spot price of West Texas Intermediate Light Sweet Crude.
It should be noted that USO has been criticized a great deal for failing to capture the intended index in the past. That said, its volume is exceptionally large, making it the preferred method for profiting from rising oil prices. However, USO has lost 10% of it’s value in the last three months—as oil has fallen in price to $73.87 at today’s close on the NYMEX exchange.
Now, back to the price of oil–Crude at $95 This Year? (click on the following link: http://bit.ly/aueQVw ) CNBC is reporting oil could get to $95.00. So, all oil stocks and energy stocks should go up with the price of oil.
(KMP), Kinder Morgan Energy Partners, is a Master Limited Partnership, that has to distribute 90% of their profits to shareholders. This is a great stock that pays about 4% dividend and makes money by transferring oil, gasoline and natural gas through their pipelines. Unfortunately, this stock is at it’s 52 week high. However, if the price of energy (gas, oil, natural gas) goes up or down—people still need these products and they are always making profits for their company–of which 90% goes to their shareholders.
BlackRock Global Energy and Resources Trust (BGR). It invests in common stocks, preferred stocks, convertible securities, warrants, and depository receipts while serving a 5% annual yield distributed quarterly. (And its 2-year track record smooths out the bumpy ride of ever-changing oil prices.) BGR is down about 10% from it’s 52 week high—and is much cheaper than KMP. KMP is trading at $62.62 as of 1/28/10 and BRG is at $23.73 on 1/28/10.
Oil partnerships that trade on the exchanges may not be ETFs per se, but they are important for comparison. Magellan Midstream Partners, LP (MMP) has a yield of 6%+ and a perfect record for raising its quarterly dividend since its 2001 inception. While it is a pipeline, and while gasoline distribution is not necessarily tied to the price of the refined commodity, it’s hard to ignore a solid income producer in the oil patch. MMP is trading at $43.10 today, just a dollar or so off it’s 52 week high.
There is one energy ETF to stay away from. Under no circumstances ever buy UNG (United States Natural Gas Fund). It tracks the spot price of natural gas, and the price of natural gas is just above it’s seven year low. This may be a fund to get into in the future (when our country recognizes the need for cheaper, cleaner burning (25% or more less carbon that oil, diesel, gasoline and coal) and a resource that is in abundance in the U.S.
good things: they produce gas and oil which are used for energy.
Bad things: poorly maintained or constructed, oil wells can cause oil and gas to be spilled into the enviornment (oceans, seas, rivers, or on land).
good things HEAVILY outweigh the bad things, all of which can be fixed.
i would like for obama to tell me what would happen or if not him then somone with some brains (sit down hilary)
gas is expected to drop drastically when they pass this bill later in the year, anybody have any clue about it???
why ?
I mean how goverment gets benefited of this when a private company makes most of the money ?
how does the entire process work
Since the government has effectively banned drilling of known reserves on the American coast I’d say the government does not support producing oil wells or oil for that matter. How does the government benefit form oil companies when the company makes most of the money, it is called taxes.
I am aware that it is probably close to their shared border. But, how in the hell, with the american military in that country, spy satellites watching Iran troop movements, the Iraqis and/or Kurds in the region protecting their assets, do Iranian troops make such a daring and apparantly successful move into territory?
Somebody was asleep on the Iraqi side. The Iranians have a history of quick surprise grabs. A while ago they grabbed a British ship in the Gulf.
This latest news wire says it all. "Iranian security forces seized oil well in southern Iraq, two senior Iraqi government officials say; Iran denies it."
I agree with you, lets boycott Iraq.lol.
I have been searching for a list of the deepest oil wells ever drilled (either in USA or world) and haven’t found any good lists.
I don’t know how deep but the north sea is the place to look…
This is not a solicitation. I am just curious about the interest level.
Apparently not, judging by a total lack of answers after 2 days.